It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

When the war started, we became refugees, and it was a really tough time. I was six years old. These were really hard times. I remember them vividly, but it's not something you want to remember or think about.

Useful as a war against France, undertaken by the Government against the will of the people would be for our revolutionary development, just so dangerous must be the effect upon our democratic development of a war supported by blind popular enthusiasm.

To be sure, in some instances these proceedings have been unconstitutional, but we must remember that it is not the first time since a war that there have been changes in governments by such methods.

In war, everything changes. You are very selective of what you do because everything you do can be the last thing you do in your life.